Deutsche Bank AG has completed its acquisition of Numis Corporation Plc, headquartered in London.
The combined business will be known as ‘Deutsche Numis’, an adviser for UK-listed companies. It will serve 170+ corporate broking clients, expanding its financial and advisory services for both existing and new clients to support their goals.
The deal speeds up Deutsche Bank’s “Global Hausbank” strategy to be clients’ primary financial services provider, fostering stronger relationships with UK businesses.
Deutsche Numis will become a top player in advisory services, corporate broking and various financial areas like IPOs, research, sales and execution.
As a part of Deutsche Bank Group, it aims to provide extensive corporate finance services and connect with a global network.
Alex Ham and Ross Mitchinson will become co-CEOs of Deutsche Numis, reporting to Henrik Johnsson, co-head of EMEA Investment Banking at Deutsche Bank and the new Chairman of Deutsche Numis.
Luke Savage, former chairman of Numis, will continue to sit on the board and work closely with the leadership team.
Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank, said: “The transaction is strongly aligned to our global Hausbank strategy, allowing us to expand our reach amongst UK and international corporates in Europe’s largest investment banking market, and underlines our long-term commitment to the UK.”
Ross Mitchinson, co-CEO of Deutsche Numis said: “We look forward to building our position in UK investment banking, enhanced by Deutsche Bank, including the ability to draw on a global industry capability.”
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